Home / Front Page/ Govt. budgets Rs. 1.8 t expenditure in 2017

Govt. budgets Rs. 1.8 t expenditure in 2017


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 6 October 2016 00:00

Facebook

The Government has budgeted expenditure of Rs. 1.819 trillion for 2017 according to the Appropriation Bill 2017 published in the Gazette yesterday whilst the limit on borrowings for 2017 has been set at Rs. 1.489 billion.

Finance Minister Ravi Karunanayaka said on Tuesday that he would present the 2017 Appropriation Bill to Parliament next week followed Cabinet approval earlier this week.

Allocation to the President’s Office which was down to Rs 2.3 billion in 2016 is up to Rs 7.4 billion for 2017. Of this amount around Rs 1.9 billion will go towards recurrent expenditure while the rest will be for operational and development activities under the President’s Office.

The allocation for the Ministry of Education is up to Rs. 77 billion from Rs. 47.6 billion in 2016. Allocations to the Defence Ministry is down from Rs. 306 billion in 2016 to Rs. 284 billion, of which around Rs 251 billion will be for recurrent expenditure and Rs 32.2 billion as capital expenditure. 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

The Presidential Election: Into anarchy or out of anarchy?

Saturday, 24 August 2019

In politics there are no absolute truths, rights or wrongs: all is relative. Politics is about choices and alternatives. It is also the art of the possible. The best policy for the people is to work through the give


We need to challenge climate change doubters before it is too late

Friday, 23 August 2019

Imagine a London where the entire subterranean region is engulfed with dirty water. Crammed train carriages that once barrelled along 249 miles of track transporting busy office workers, builders, teachers, civil servants, cleaners and students now r


The Provincial Council Elections – The charade goes on

Friday, 23 August 2019

Originally the SLPP was keen to hold the Provincial Council Elections (PCE) immediately after the Local Government Election results as they felt the PCE would go in their favour. PCE were held under the Proportional Representation system. The relevan


The presidency and the dilemma of the Presidential Election

Friday, 23 August 2019

J.R. Jayewardene created a presidential system not because the parliamentary system of governance that preceded it had failed. He wanted to take over all the powers of the State and assume the status of ancient kings who ruled the country in the past


Columnists More

Special Report

SPECIAL REPORT MORE